Re: Equity Line of Credit Article
in response to
by
posted on
Apr 07, 2011 09:34AM
(Edit this Message from the "Fast Facts" Section)
Maybe they know what SFMI's business plan when there were discussions concerning the ELOC? Like what drilling will cost over the next year or two etc. If you use my example earlier about posible financing at this juncture the Centurion financing would be better than doing a PIPE. Also if shorting was going on they could cover in the open market if not enough shares were available. These financing entities are slick and they look out for themselves.